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VeChain Price Prediction 2024-2030: What’s the Growth Potential of VET?

Key Takeaways

  • VeChain price projection suggests a peak price of $0.07 by December 2024.
  • Traders can expect a minimum price of $0.14 and a maximum price of $0.16 by 2027.
  • By 2030, VeChain’s price could potentially surge to $0.26.

Despite occasional market volatility and regulatory uncertainties, VeChain demonstrates resilience and a strong value proposition, positioning itself as a leader in blockchain-based solutions for supply chain transparency, product authentication, and data management.

Overall, the prevailing sentiment within the VeChain community is one of optimism and confidence, with stakeholders bullish on its long-term prospects and the transformative impact of blockchain technology. As VeChain continues to expand its reach and enhance its offerings, questions surrounding its price trajectory persist, inviting further analysis and exploration of its future potential.

VeChain Overview 

CryptocurrencyVeChain
TokenVET
Price$0.02711 
Market Cap$2,127,375,984
Trading Volume 24-h$36,951,311
Circulating Supply80,985,041,177 VET
All-time High$0.2782, Apr 17, 2021
All-time Low$0.001678, Mar 13, 2020
24 High$0.02739
24 Low$0.02568
Source: Coinbase

VeChain Price Prediction: Technical Analysis

MetricValue
Volatility3.95%
Sentiment Bearish
50-Day SMA $0.0339
200-Day SMA $0.0364
Price Prediction$0.0586 (114.85%)
F & G Index 27.11 (fear)
Green Days 10/30 (34%)
14-Day RSI 24.50

VeChain Price Analysis: VET falls to $0.02700 as bears crush short-term support levels

The VeChain price analysis shows that the VET price action has found support at the $0.02500 mark where it currently trades. However, the increasing bearish pressure suggests that this might not be the end of the downtrend.

The broader cryptocurrency market observed bullish sentiment over the last 24 hours as most major cryptocurrencies recorded positive price movements. Major players include NEAR and ICP, recording a 9.11 and a 5.17 percent incline, respectively.

VeChain Price Analysis: VET rejected at $0.02900

Technical indicators for VET/USDT by Tradingview

The MACD is currently bullish as expressed in the green colour of the histogram. Moreover, the indicator shows strong momentum as observed in the tall height of the indicator.

However, the indicator only shows low momentum as observed in the short height of the histogram. Moreover, the lighter shade suggests a decreasing bearish pressure across the charts as the price action observes rising volatility across the short-term charts.

The EMAs are trading below the mean position as net price movement over the last ten days remains negative. Currently, the EMAs are trading far from each other showing strong bullish momentum at press time. Moreover, the diverging EMAs suggest a decreasing bearish momentum.

The RSI was trading near the bottom of the neutral region as the price action falls to the $0.02535 level. At press time, the indicator trades close to the mean at the 50.94 index level as the price suggests low pressure from either side of the market while the neutral slope suggests low activity across the short-term.

The Bollinger Bands are currently converging as the price action decreases volatility across the short-term charts. Moreover, the bands will continue converging as the price consolidates around the $0.02700 mark. At press time, the bands’ lower limit provides support at the $0.02437 mark while the upper limit presents a resistance level at the $0.02847 mark.

4-hour VET/USDT analysis

Overall, the 4-hour VeChain price analysis issues a sell signal at press time with 11 indicators supporting the bears. On the other hand, only seven of the indicators support the bulls showing strong bullish presence. At the same time, eight indicators sit on the fence and support neither side of the market. 

The 24-hour VeChain price analysis shares this sentiment and also issues a sell signal with 14 indicators supporting the bears against only three supporting the bulls. The analysis shows bearish dominance across the mid-term charts with a low bullish presence at the current price level. Meanwhile, the remaining nine indicators remain neutral and do not issue any signals at press time.

Bitcoin Technical Indicators: Levels And Action

Daily Simple Moving Average (SMA)

NameValueAction
SMA (10)$0.0311SELL
SMA (20)$0.0328SELL
SMA (30)$0.0338SELL
SMA (50)$0.0347SELL
SMA (100)$0.0390SELL
SMA (200)$0.0363SELL

Daily Exponential Moving Average (EMA)

NameValueAction
EMA (10)$0.0307SELL
EMA (20)$0.0322SELL
EMA (30)$0.0332SELL
EMA (50)$0.0347SELL
EMA (100)$0.0362SELL
EMA (200)$0.0349SELL

What to expect from VeChain price analysis?

4-hour price chart by Tradingview

The VeChain price analysis shows that the VeChain market observes strong bearish momentum causing the price action to dwindle from the $0.05100 mark towards the $0.025000 mark. While the bulls find strong support level at the $0.02500 mark, the strong bearish pressure suggests further downwards movement from the $0.02700 mark.

Traders should expect VET to hold at the current support level as the $0.02500 has proven to be a solid foothold for VET in the past as well. Moreover, the low trade volume suggests a decreasing trade activity for the asset suggesting a change of momentum. As such, the price can be expected to move between the $0.02500-$0.02950 price level across the short-term charts.

Currently, the closest support level lies at $0.02500 while VeChain finds it difficult to move past the $0.02900 level.

Is Vechain a good investment?

VeChain stands out in the cryptocurrency market due to its specialized focus on supply chain management and enterprise solutions. It offers transparency and traceability across various industries, enhancing trust and efficiency in global trade. With partnerships with major companies and a strong emphasis on real-world applications, VeChain has significant growth potential. Its innovative use cases and practical implementations make it appealing to businesses seeking operational improvements. As awareness of supply chain issues continues to grow, VeChain’s relevance and adoption are expected to increase, making it an attractive investment option for those interested in blockchain technology.

Recent News/Opinion on Vechain

VeChain recently announced the HiVe Summit where experts share information regarding VeChain and other project’s role in a more scalable digital ecosystem. The Summit is scheduled to be held on June 28.

VeChain Price Prediction June 2024

MonthPotential low ($)Potential average ($)Potential high ($)
June0.02550.029240.0351

In June 2024, the price of VeChain is anticipated to reach a minimum of $0.0255. The VET price can be expected to reach a peak at $0.0351, maintaining an average of $0.02924 throughout the month.

VeChain Price Prediction 2024

YearPotential low ($)Potential average ($)Potential high ($)
2024$0.0262$0.0590$0.0638

In 2024, the price of 1 VeChain is anticipated to touch a minimum of $0.0262. The VET price might peak at $0.0638, maintaining an average of $0.0590 throughout the year.

VeChain Price Prediction 2025-2030

YearPotential low ($)Potential average ($)Potential high ($)
20250.0750.0820.090
20260.100.120.13
20270.130.150.16
20280.130.150.16
20290.170.180.19
20300.240.260.26

VET Price Prediction 2025

For 2025, VeChain’s price is expected to start at a minimum of $0.075. It could potentially climb to a high of $0.090, averaging around $0.082 over the year.

VET Price Forecast 2026

By 2026, VeChain’s price is projected to be at least $0.100. It might surge to a high of $0.130, with an average price hovering around $0.120.

VeChain (VET) Price Prediction 2027

Come 2027, VeChain is estimated to value at a minimum of $0.130. The price might escalate to $0.160, with a mean value of $0.150 for the year.

VeChain Price Prediction 2028

In 2028, VeChain’s price is likely to hit a floor of $0.130. Based on analysis, it could peak at $0.160, with a median price of $0.150.

VeChain Price Prediction 2029

The VeChain price prediction for 2029 anticipates a minimum price of $0.170, a maximum price of $0.190, and an average of $0.180.

VeChain (VET) Price Prediction 2030

In 2030, VeChain could be trading at a minimum of $0.240. The price might soar to $0.260, maintaining an average of $0.260 throughout the year.

VeChain Price Prediction by Analysts

Firm20242025
Coincodex$0.0333$0.1278
Digital Coin Price$0.060$0.080
CryptoPredictions.com $0.058$0.064

Cryptopolitan’s VeChain (VET) Price Prediction

Cryptopolitan’s predictions show that VeChain will achieve a high of $0.0638 in the second half of 2024. In 2025, it will range between $0.075 and $0.090, with an average of $0.082. In 2030, it will range between $0.24 and $0.26, with an average of $0.26. Note the predictions are not investment advice. Seek independent professional consultation or do your research.

VeChain Historic Price Sentiment

  • VeChain started in 2015 as a private consortium chain to explore blockchain applications. The project transitioned to a public blockchain with the ERC-20 token VEN in 2017 but it wasn’t until 2018 that VeChain would launch its own mainnet with the ticker VET.
  • In 2018, VeChain entered into a partnership with supply chain management company DHL to build smart blockchain solutions for the logistics industry. 
  • Following the peak, VeChain, like many other cryptocurrencies, faced a significant correction in 2018, with the price dropping sharply and stabilizing at lower levels.
  • The price remained relatively stable through 2019 and 2020, with occasional spikes, as VeChain continued to develop its technology and expand its partnerships.
  • In 2021, Vechain saw a rapid rise as the price reached its all time high at $0.20 in May but failed to close the year nearly as high as the price declined to $0.070 by December
  • 2022 saw VeChain make attempts at a recovery to past year high but failed to even reach the $0.10 mark.
  • Throughout 2022 and into early 2023, VeChain’s price showed significant volatility, with periods of slight recovery and decline, but generally remained below $0.10.
  • Towards the end of 2023, VeChain saw a slight uptick in price, moving upwards slightly. By early 2024, the price showed some stability, maintaining a range with minor fluctuations.
  • In January, VeChain’s price maintained relative stability, hovering around the $0.020 mark, reflecting cautious investor sentiment amid broader market conditions.
  • By mid-March, VeChain saw a slight recovery, reaching approximately $0.025. This upward movement was fueled by positive developments within the VeChain ecosystem and renewed investor interest.
  • From April to June, VeChain’s price experienced fluctuations between $0.020 and $0.030, driven by market volatility and ongoing developments in the crypto space.

FAQs

What's the potential of the UFC Marketing Partnership for the growth of the VeChain network?

The partnership will help to increase the adoption of the VET blockchain by bringing it to a mainstream audience. The UFC is one of the most popular global sports brands, with a fan base of over 300 million people.

What's the source of the long-term sustainability projection for VeChain?

Vechain use cases set it apart from its competitors and popular meme coins, giving it the green light for long-term sustainability.

What do the VeChain Price Predictions suggest on the blockchain's growth potential?

The current VeChain price predictions suggest that the coin has a bright future and is expected to show consistent positive growth in the next few years.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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